Insolvency Insomnia

If your business is facing potential Insolvency, it can seem like there’s no way out.?You may be kept up at night trying to find solutions, not only will this become all consuming, it will also bring further stress over what will happen to you, your staff, your professional reputation and your assets.

We understand and sympathise that dealing with this type of stress can become overwhelming. It is so important for you to take a step back and look at?ALL?of your?viable options. We highlight the word?all?to stress the importance of seeking alternative advice as opposed to rushing into a formal agreement as this can do you more harm than good in the long term.

If you're experiencing any of the below issues, it's important that you begin to consider how best to safeguard not only your business but also (and most importantly)?your personal exposure.

• Creditors increasing pressure to pay, often with threats of legal action,
• Company overdraft at its limit, suggesting the company is not viable,
• Unable to repay CBILS loan,
• Late payments to HMRC

What are your alternative options?

You might be surprised...and relieved to learn that there are other ways to resolve your situation before formal Insolvency. Your Creditors might even prefer this route. There is often more flexibility in negotiations, plus reduced costs on both sides.

Pre-insolvency consultants like?Bell & Company?work with you. This means that we will achieve the best outcome for you, with your best interests in mind, spending time understanding your circumstances and the particular challenges your business is facing.

Bell & Company’s?strategies include:

• Reworking existing financial agreements within the company and with Creditors.
• Advising you on the best ways to restructure your business to reduce costs.
• Exploring alternative cash streams.

We stand between you and your Creditors. This gives you a chance to make the best decisions for your company without the stress of Insolvency looming over you.

It can be daunting to confront the full scope of your debt, but the best time to act is as soon as you notice there’s a problem with your business. Pre-insolvency offers you more options and freedom than formal procedures, with specialists who will work for you and not your Creditors - it's good to have someone on your side.

To see what we can do for your business, give us a call today on?0330 159 5820?or send us an email: [email protected].